20 January 2021 New regulations outline financial information banks must report to Peruvian tax authority In regulations (Supreme Decree 430-2020-EF, released December 31, 2020), the Peruvian tax authority outlined what financial information banks must report to the tax authority, including: - Account balances and/or accumulated amounts or averages of PEN 10,000 or more (approximately USD 2,857) - Information on the account holder (name, ID number, address, place of incorporation (for companies)) The regulations are effective as of January 1, 2021. Now that the regulations are effective, banks must begin reporting the requisite information monthly.
Document ID: 2021-0133 | |||||||||||||||
